Pike will hand over the reins to insider Alastair Judge, who shall assume the role of chief financial officer from January 1.
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The moves were announced alongside interim results, and the group reiterated its annual outlook and posted a 34% rise in adjusted operating profit to 142 million pounds ($185.6 million) for the six-month period ended September 30, excluding businesses it recently sold.
Shares in Johnson Matthey were down about 1% in volatile trade.
The company has been overhauling its strategy, divesting its catalysts arm to focus on core businesses related to emission-reduction products and platinum-group metal processing. It has also reduced capital expenditure and adopted a leaner investment model.
Analysts at J.P. Morgan flagged that the company’s earnings next year might come down due to headwinds from some business transitions.
Johnson Matthey names finance chief Richard Pike as COO in management shakeup
